BP p.l.c. (LON:BP) Given Average Rating of “Moderate Buy” by Brokerages

BP p.l.c. (LON:BP) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 603.

A number of research firms recently weighed in on BP. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a research report on Wednesday, July 1st. Royal Bank Of Canada reissued a “buy” rating on shares of BP in a research report on Wednesday, July 1st. Jefferies Financial Group restated a “neutral” rating and set a $6.50 price target on shares of BP in a research note on Thursday, May 21st. JPMorgan Chase & Co. lowered their price target on BP from GBX 600 to GBX 550 and set a “neutral” rating for the company in a research report on Friday, July 3rd. Finally, BNP Paribas Exane upgraded BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th.

BP Price Performance

Shares of BP opened at GBX 491.30 on Thursday. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The stock has a market cap of £95.62 billion, a PE ratio of 36.70, a P/E/G ratio of 0.35 and a beta of 0.06. The firm has a 50-day simple moving average of GBX 525.92 and a two-hundred day simple moving average of GBX 505.71. The company has a debt-to-equity ratio of 132.55, a current ratio of 1.22 and a quick ratio of 0.62.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.